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iPower Inc. (IPW)

USD1.06 -0.20 (-15.60%)
US NASDAQ Consumer Cyclical Specialty Retail
Address 2399 Bateman Avenue 91010
Rancho Cucamonga, CA, US
CEO Chenlong Tan
IPO 2021-05-12
CIK 1830072 ISIN US46265P3055

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Description

iPower Inc. operates as an online retail enterprise in the United States, specializing in equipment for hydroponics. The company offers a comprehensive array of products designed for both indoor and outdoor cultivation. Their catalog features sophisticated grow-light systems for indoor and greenhouse environments, ventilation solutions, activated carbon filters, various plant nutrients, and different growing media. They also provide water-resistant hydroponic grow tents, trimming machines, pumps, and a wide selection of accessories for hydroponic gardening, alongside general indoor and outdoor growing supplies. These items are sold under the iPower and Simple Deluxe brands through their proprietary Zenhydro.com website, as well as via numerous third-party e-commerce channels. Established in 2018, the company underwent a name change in September 2020, transitioning from its former identity as BZRTH Inc. to iPower Inc. Its corporate headquarters are located in Duarte, California.

News Sentiment (7d)
Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD1.06 -0.20 (-15.60%)
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Volume Profile
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Liquidity & share structure
Average Volume
415.9K
Beta
2.90
Float Shares
448.2K
Free Float %
42.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-27.03% -34.09% -45.28% -82.15% -93.76% -92.25% -96.12% -96.48% -99.63% -99.66% -99.66%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (3 ratings, all time) Buy
Price Targets & DCF
Current price
1.06
Ratings Trend (MoM) 100% Bullish
Rating 2025-01 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.62
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Retail: +6.4%
    -23.2% Q1'26: +21,114,860.7% (vs Q1'25)
  • EPS growth Specialty Retail: +20.6%
    -209.8% Q1'26: +490.6% (vs Q1'25)
  • FCF margin FCF growth · Specialty Retail: +29.3%
    -1.3% Q1'26: +12.3% (vs Q1'25)
  • EBIT margin Specialty Retail: +5.4%
    -8.8% Q1'26: +0.0% (vs Q1'25)
  • ROIC Specialty Retail: +6.5%
    -23.9% Q1'26: +0.0% (vs Q1'25)
  • Share dilution Specialty Retail: +0.1%
    +5.3% Q1'26: +38.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    -2.47× Q1'26: -1.69× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (3.03) × ERP
WACC = 7% × Ke + 93% × Kd (5.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1.06
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
1 Rev. Ana.
1 EPS Ana.
Jun 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
54.08M
est: 54.10M (0.0%)
79.42M
est: 78.30M (+1.4%)
88.90M
est: 87.00M (+2.2%)
86.07M
est: 87.90M (-2.1%)
66.14M
est: 92.30M (-28.3%)
126.30M
126.30M – 126.30M
+36.8% YoY
138.90M
138.90M – 138.90M
+10.0% YoY
EBITDA
2.97M
est: -549.8K (+640.6%)
3.20M
est: -795.8K (+502.6%)
-10.19M
est: -884.2K (-1,052.3%)
1.51M
est: -893.4K (+268.5%)
-3.24M
est: -938.1K (-245.5%)
-1.28M
-1.28M – -1.28M
-36.8% YoY
-1.41M
-1.41M – -1.41M
-10.0% YoY
EBIT
2.96M
est: -1.78M (+266.1%)
2.60M
est: -2.58M (+200.8%)
-13.60M
est: -2.87M (-374.4%)
-1.00M
est: -2.90M (+65.3%)
-5.80M
est: -3.04M (-90.5%)
-4.16M
-4.16M – -4.16M
-36.8% YoY
-4.58M
-4.58M – -4.58M
-10.0% YoY
Net Income
-775.7K
est: 3.46M (-122.4%)
1.52M
est: 4.40M (-65.5%)
-11.97M
est: -10.38M (-15.3%)
-1.53M
est: -1.89M (+19.0%)
-4.97M
est: 4.09M (-221.5%)
5.97M
5.97M – 5.97M
+46.2% YoY
7.23M
7.23M – 7.23M
+21.1% YoY
SGA
19.86M
est: 24.30M (-18.3%)
30.89M
est: 35.17M (-12.2%)
45.22M
est: 39.08M (+15.7%)
39.08M
est: 39.48M (-1.0%)
34.86M
est: 41.46M (-15.9%)
56.73M
56.73M – 56.73M
+36.8% YoY
62.39M
62.39M – 62.39M
+10.0% YoY
EPS
-0.88
est: 3.30 (-126.7%)
1.64
est: 4.20 (-61.0%)
-12.08
est: -9.90 (-22.0%)
-1.53
est: -1.80 (+15.0%)
-4.74
est: 3.90 (-221.5%)
5.70
5.70 – 5.70
+46.2% YoY
6.90
6.90 – 6.90
+21.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-19 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-18 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-15 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-14 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-13 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-12 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-11 C 2/5 1/5 1/5 1/5 2/5 1/5 5/5
2026-05-08 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-01 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-28 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
694.90B
OE per share TTM
477,921.38
Owner's Yield
82,400,320.07%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
7.6%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
17
Total invested
482.8K
Insider transactions (90d)
0
Beneficial owners (>5%)
10
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 THE BESSEMER GROUP, INCORPORATED* 3.80M 5.39% 3.80M 3.80M HC 2024-02-14
2 25-1435979 3.00M 5.23% 2.96M 29.0K 2.83M 165.8K HC Pennsylvania 2024-02-09
3 22-1146430 2.92M 5.11% 2.92M 2.77M 154.2K BK Pennsylvania 2024-02-09
4 02-0811753 1.94M 13.09% 1.94M 1.94M United States 2023-07-07
5 BESSEMER TRUST COMPANY, NATIONAL ASSOCIATION 1.88M 2.67% 1.88M 1.88M BK 2024-02-14
6 BESSEMER TRUST COMPANY OF DELAWARE, NATIONAL ASSOCIATION 1.08M 1.54% 1.08M 1.08M BK 2024-02-14
7 BESSEMER TRUST COMPANY OF FLORIDA 723.2K 1.03% 723.2K 723.2K BK 2024-02-14
8 BESSEMER TRUST COMPANY 110.4K 0.16% 110.4K 110.4K BK 2024-02-14
9 42-1604685 40.6K 0.07% 29.0K 29.0K 11.6K BD Pennsylvania 2024-02-09
10 81-0581990 28.5K 0.05% 28.5K 28.5K BK Pennsylvania 2024-02-09

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2025 Q3
Investors holding
17
+0 vs prev Q
New positions
3
Closed positions
3
Increased
8
Reduced
1
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 ADVISOR GROUP HOLDINGS, INC. -5.4K (-100.0%) -2.7K (-100.0%) 0.00% -0.017 pp 0.00% +0.000 pp USD 7 qtrs SOLD
2 BANK OF AMERICA CORP /DE/ -107.0 (-100.0%) -56.0 (-100.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD 9 qtrs SOLD
3 BARCLAYS PLC -20.0 (-100.0%) -11.0 (-100.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD 2 qtrs SOLD
4 GEODE CAPITAL MANAGEMENT, LLC -161.9K (-100.0%) -83.8K (-100.0%) 0.00% -0.515 pp 0.00% +0.000 pp USD 19 qtrs SOLD
5 IHT WEALTH MANAGEMENT, LLC -15.0K (-100.0%) -7.8K (-100.0%) 0.00% -0.048 pp 0.00% 0.000 pp USD 5 qtrs SOLD
6 MARINER, LLC -40.8K (-100.0%) -21.1K (-100.0%) 0.00% -0.130 pp 0.00% +0.000 pp USD 5 qtrs SOLD
7 MORGAN STANLEY -600.0 (-100.0%) -311.0 (-100.0%) 0.00% -0.002 pp 0.00% +0.000 pp USD 3 qtrs SOLD
8 NORTHERN TRUST CORP -15.4K (-100.0%) -8.0K (-100.0%) 0.00% -0.049 pp 0.00% +0.000 pp USD 7 qtrs SOLD
9 SBI SECURITIES CO., LTD. -4.0 (-100.0%) -2.0 (-100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD 5 qtrs SOLD
10 STATE STREET CORP -52.0K (-100.0%) -26.9K (-100.0%) 0.00% -0.165 pp 0.00% +0.000 pp USD 7 qtrs SOLD
11 TOWER RESEARCH CAPITAL LLC (TRC) -3.0K (-100.0%) -1.5K (-100.0%) 0.00% -0.010 pp 0.00% +0.000 pp USD 19 qtrs SOLD
12 TWO SIGMA INVESTMENTS, LP -33.1K (-100.0%) -17.1K (-100.0%) 0.00% -0.105 pp 0.00% +0.000 pp USD 6 qtrs SOLD
13 UBS GROUP AG -34.9K (-100.0%) -18.1K (-100.0%) 0.00% -0.111 pp 0.00% +0.000 pp USD 19 qtrs SOLD
14 VANGUARD GROUP INC -486.3K (-100.0%) -251.9K (-100.0%) 0.00% -1.547 pp 0.00% +0.000 pp USD 18 qtrs SOLD
15 VIRTU FINANCIAL LLC -28.3K (-100.0%) -15.0K (-100.0%) 0.00% -0.090 pp 0.00% -0.001 pp USD 2 qtrs SOLD
16 XTX TOPCO LTD -38.2K (-100.0%) -19.8K (-100.0%) 0.00% -0.122 pp 0.00% -0.001 pp USD 6 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard MSCI International Small Cos Index ETF VISM.AX 0.01% 40.3K 0.32%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
1
Sells
0
Shares acquired
81.1K
Shares disposed
Cash buys
Cash sales
Net activity
+81,136
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2025-11-12 TAN CHENLONG Director / Officer / 10% Owner A-Award A Common Stock 81,136 0.00 207,866 D
2025-06-06 Yang Yi Director 0 0.00 0
2025-05-08 Guo Yue Director Common Stock 0 0.00 16,667 D
2024-11-26 TAN CHENLONG Director / Officer / 10% Owner P-Purchase A Common Stock 10,000 0.69 6.9K 8,073,334 D
2024-08-29 TAN CHENLONG Director / Officer / 10% Owner A-Award A Stock Options 1,200,000 1.30 1.56M 1,200,000
2024-08-08 TCHAIKOVSKY BENNET PRICE JR Director A-Award A COMMON STOCK 23,809 0.00 79,409
2024-08-08 Liles Kevin Director A-Award A COMMON STOCK 23,809 0.00 79,409
2024-08-08 Li Hanxi Director A-Award A COMMON STOCK 23,809 0.00 88,749
2024-05-21 TAN CHENLONG Director / Officer / 10% Owner P-Purchase A Common Stock 20,000 1.55 30.9K 8,063,334
2023-07-19 TCHAIKOVSKY BENNET PRICE JR Director A-Award A COMMON STOCK 24,800 0.00 55,600
2023-07-19 Liles Kevin Director A-Award A COMMON STOCK 24,800 0.00 55,600
2023-06-02 Vassily Kevin Director / Officer P-Purchase A Common Stock 5,000 0.68 3.4K 22,000
2023-06-01 Vassily Kevin Director / Officer P-Purchase A Common Stock 5,000 0.68 3.4K 17,000
2023-06-01 TAN CHENLONG Director / Officer / 10% Owner P-Purchase A Common Stock 10,000 0.68 6.8K 8,043,334
2023-05-31 TAN CHENLONG Director / Officer / 10% Owner P-Purchase A Common Stock 10,000 0.66 6.6K 8,033,334
2023-04-19 Li Hanxi Director A-Award A COMMON STOCK 51,724 0.00 64,940
2022-10-14 TCHAIKOVSKY BENNET PRICE JR Director A-Award A COMMON STOCK 24,800 0.00 30,800
2022-10-14 Liles Kevin Director A-Award A COMMON STOCK 24,800 0.00 30,800
2021-12-23 Li Hanxi Director D COMMON STOCK 0 0.00 13,216
2021-05-12 Vassily Kevin Director / Officer D Restricted Stock Units (RSUs) 0 0.00 12,000
2021-05-12 TCHAIKOVSKY BENNET PRICE JR Director D Restricted Stock Units (RSUs) 0 0.00 6,000
2021-05-12 TAN CHENLONG Director / Officer / 10% Owner D Common Stock 0 0.00 8,023,334
2021-05-12 Liles Kevin Director D Restricted Stock Units (RSUs) 0 0.00 6,000
2021-05-12 CACCIAMATTA DANILO Director D Common Stock 0 0.00 20,000

Executive team

Top executives
EBIT / Employee
-96.6K
Shares Outstanding
1.06M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Chenlong Tan Chairman, Chief Executive Officer, President and Interim Chief Financial Officer 264.0K 362.3K 689.0K 52.59%
2 2025 Kevin Vassily Former Chief Financial Officer 220.0K 220.0K 0.00%
3 2024 Chenlong Tan Chairman, Chief Executive Officer, President and Interim Chief Financial Officer 264.0K 326.6K 0.00%
4 2024 Chenlong Tan Chairman, CEO, President 264.0K 326.6K 0.00%
5 2024 Kevin Vassily Chief Financial Officer 240.0K 240.0K 0.00%
6 2024 Kevin Vassily Former Chief Financial Officer 240.0K 240.0K 0.00%
7 2023 Chenlong Tan Chairman, CEO, President 264.0K 326.6K 0.00%
8 2023 Kevin Vassily Chief Financial Officer 240.0K 240.0K 0.00%
9 2022 Chenlong Tan Chairman, CEO, President 264.0K 94.3K 420.9K 0.00%
10 2022 Kevin Vassily Chief Financial Officer 240.0K 120.0K 60.0K 420.0K 14.29%
11 2021 Chenlong Tan Chairman, CEO, President 240.0K 270.4K 0.00%
12 2021 Kevin Vassily Chief Financial Officer 91.0K 91.0K 0.00%
13 2020 Chenlong Tan Chairman, CEO, President 85.6K 113.4K 0.00%
14 2020 Allan Huang Former Director, Former CEO and President 50.6K 85.6K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-03-04 DEF 14A
2026-02-19 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-20 8-K
2026-05-20 10-Q
2026-05-19 8-K
2026-05-15 NT 10-Q
2026-04-29 8-K
2026-04-17 S-8
2026-04-17 S-1MEF
2026-04-17 8-K
2026-03-31 8-K
2026-03-26 SC 13G/A

Executive team

NameTitleCompensationGender
Chenlong Tan Co-Founder, Chairman, Chief Executive Officer, President, Interim Chief Financial Officer & Secretary 326.6K male
ESG Rating
B
SPECIALTY RETAIL
Rank: 42 out of 98
2026
E (Environmental)
62.4 / 59.7
Company / Sector avg.
S (Social)
68.3 / 56.1
Company / Sector avg.
G (Governance)
70.0 / 56.1
Company / Sector avg.
ESG Total
66.9 / 57.3
Company / Sector avg.
ESG Score History SPECIALTY RETAIL
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits